Loading…
Fuel Oil News reports on the National Biodiesel Conference in San Diego, where a Massachusetts official discussed alternative portfolio credit regulations that allow retailers to earn credits for blending biodiesel. About 30 Massachusetts fuel retailers are registered in the program, mostly selling B20.
State-level credit programs add incremental demand for biodiesel and therefore soybean oil, but the effect is small relative to national policy.
fueloilnews.comStephen BennettFeb 15, 2019After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
